ESG RE: Court to Hear Wind-Up Petition on September 17INDOLUX DERIVATIVES: Creditors' Proofs of Debt Due on September 10INDOLUX DERIVATIVES: Members' Final Meeting Set for October 4LSF3 INDONESIA: Creditors' Proofs of Debt Due on September 10LSF3 INDONESIA: Members' Final Meeting Set for October 4

NIPPON III: Creditors' Proofs of Debt Due on September 10NIPPON III: Members' Final Meeting Set for October 4PROTOSTAR LTD: Seeks U.S. Plan Exclusivity Until November 29

FOUNDATION RE: Shareholders' Final Meeting Set for September 16JAVELIN RE: Shareholder to Hear Wind-Up Report on September 16MODULUS EUROPE: Shareholders' Final Meeting Set for September 7MODULUS EUROPE: Shareholders' Final Meeting Set for September 7MONT GELE: Shareholder Receives Wind-Up Report

PERITUS OFFSHORE: Shareholders' Final Meeting Set for September 16RESIDENTIAL REINSURANCE: Member to Hear Wind-Up Report on Sept. 16RESIDENTIAL REINSURANCE: Member to Hear Wind-Up Report on Sept. 16SOUTH COAST: Members' Final Meeting Set for September 27SUMITOMO FINANCE: Members' Final Meeting Set for September 27

Mr. Bebel, who previously prosecuted white-collar crimes at the USAttorney's office in Minneapolis, presented his conclusions in thefourth day of the Stanford vs. Lloyd's of London trial.

As reported in the Troubled Company Reporter-Latin America onAugust 27, 2010, Bloomberg News said that Lloyd's of Londonunderwriters are attempting to convince Judge Atlas that Mr.Stanford conspired to steal money so they can avoid payingattorneys to defend him on criminal fraud charges, Ellen Rosen atBloomberg News reports. According to a separate Bloomberg report,Lloyd's of London witness forensic accountant Alan Westheimertestified that the US$1.6 billion that Mr. Stanford allegedlyskimmed from investors was borrowed from Stanford InternationalBank Limited as loans to startup entities and other businesses Mr.Stanford controlled. The report noted Mr. Westheimer said thatMr. Lopez and comptroller Mark Kuhrt, who hired him after theywere indicted in June 2009, told him this year they thought theborrowing should have been publicly disclosed.

According to the report, Mr. Bebel said that he found noincriminating evidence against Mr. Stanford in reviewing materialspresented in the insurance case. The report relates Mr. Bebelsaid that the indictment against Mr. Stanford and his colleagues"mischaracterises" his enterprises as a Ponzi scheme, which isdefined as using money from new investors to pay off earlierinvestors.

Mr. Bebel, the report notes, also testified that he revieweddocuments in which Mr. Stanford, in late 2008, contemplatedrolling more than 100 related businesses under his control into asingle corporate entity that would have had assets worth US$9billion to US$11 billion and a US$2 billion profit. "That US$2billion in profits could've been used right there to wipe away"the US$1.7 billion borrowed from investor assets at the Stanfordbank to fund the financier's other business ventures, loans forwhich he later assumed personal responsibility," Mr. Bebel added.

Meanwhile, the report relates, Lloyd's of London lawyer BarryChasnoff told Judge Atlas in closing arguments that: "No matterhow distant the lawyers say Mr. Stanford was at the very least hewas aiding and abetting the commission of acts that were designedto obtain criminal property."

On February 16, 2009, the United States District Court for theNorthern District of Texas, Dallas Division, signed an orderappointing Ralph Janvey as receiver for all the assets and recordsof Stanford International Bank, Ltd., Stanford Group Company,Stanford Capital Management, LLC, Robert Allen Stanford, James M.Davis and Laura Pendergest-Holt and of all entities they own orcontrol. The February 16 order, as amended March 12, 2009,directs the Receiver to, among other things, take control andpossession of and to operate the Receivership Estate, and toperform all acts necessary to conserve, hold, manage and preservethe value of the Receivership Estate.

The U.S. Securities and Exchange Commission, on Feb. 17, 2009,charged before the U.S. District Court in Dallas, Texas, Mr.Stanford and three of his companies for orchestrating afraudulent, multi-billion dollar investment scheme centering on anUS$8 billion Certificate of Deposit program.

A criminal case was pursued against him in June 2009, before theU.S. District Court in Houston, Texas. Mr. Stanford pleaded notguilty to 21 charges of multi-billion dollar fraud, money-laundering and obstruction of justice. Assistant Attorney GeneralLanny Breuer, as cited by Agence France-Presse News, said in a 57-page indictment that Mr. Stanford could face up to 250 years inprison if convicted on all charges. Mr. Stanford surrendered toU.S. authorities after a warrant was issued for his arrest on thecriminal charges.

ESG RE: Court to Hear Wind-Up Petition on September 17------------------------------------------------------A petition to wind up the operations of ESG Re Limited will beheard before the Supreme Court of Bermuda, on September 17, 2010,at 9:30 a.m.

INDOLUX DERIVATIVES: Creditors' Proofs of Debt Due on September 10------------------------------------------------------------------The creditors of Indolux Derivatives, Ltd. are required to filetheir proofs of debt by September 10, 2010, to be included in thecompany's dividend distribution.

The company commenced wind-up proceedings on August 25, 2010.

The company's liquidator is:

Robin J. Mayor Clarendon House Church Street, Hamilton Bermuda

INDOLUX DERIVATIVES: Members' Final Meeting Set for October 4-------------------------------------------------------------The members of Indolux Derivatives, Ltd. will hold their finalmeeting, on October 4, 2010, at 9:30 a.m., to receive theliquidator's report on the company's wind-up proceedings andproperty disposal.

The company commenced wind-up proceedings on August 25, 2010.

The company's liquidator is:

Robin J. Mayor Clarendon House Church Street, Hamilton Bermuda

LSF3 INDONESIA: Creditors' Proofs of Debt Due on September 10-------------------------------------------------------------The creditors of LSF3 Indonesia Capital I, Ltd. are required tofile their proofs of debt by September 10, 2010, to be included inthe company's dividend distribution.

The company commenced wind-up proceedings on August 25, 2010.

The company's liquidator is:

Robin J. Mayor Clarendon House Church Street, Hamilton Bermuda

LSF3 INDONESIA: Members' Final Meeting Set for October 4--------------------------------------------------------The members of LSF3 Indonesia Capital I, Ltd. will hold theirfinal meeting, on October 4, 2010, at 9:30 a.m., to receive theliquidator's report on the company's wind-up proceedings andproperty disposal.

The company commenced wind-up proceedings on August 25, 2010.

The company's liquidator is:

Robin J. Mayor Clarendon House Church Street, Hamilton Bermuda

NIPPON III: Creditors' Proofs of Debt Due on September 10---------------------------------------------------------The creditors of Nippon III Investments, Ltd. are required to filetheir proofs of debt by September 10, 2010, to be included in thecompany's dividend distribution.

The company commenced wind-up proceedings on August 25, 2010.

The company's liquidator is:

Robin J. Mayor Clarendon House Church Street, Hamilton Bermuda

NIPPON III: Members' Final Meeting Set for October 4----------------------------------------------------The members of Nippon III Investments, Ltd. will hold their finalmeeting, on October 4, 2010, at 9:30 a.m., to receive theliquidator's report on the company's wind-up proceedings andproperty disposal.

The company commenced wind-up proceedings on August 25, 2010.

The company's liquidator is:

Robin J. Mayor Clarendon House Church Street, Hamilton Bermuda

PROTOSTAR LTD: Seeks U.S. Plan Exclusivity Until November 29------------------------------------------------------------Bill Rochelle, the bankruptcy columnist for Bloomberg News,reports that ProtoStar Ltd. for the fourth time is pursuing anextension of the exclusive right to propose a Chapter 11 plan. Ifgranted by the judge at a Sept. 30 hearing, the deadline would bepushed out three months to Nov. 29.

According to the report, conclusion of the case is being held upby a lawsuit the Official Committee of Unsecured Creditors isprosecuting against secured lenders to invalidate their liens onthe ProtoStar I satellite. The Committee believes the lendersfiled notices of the security interests in the wrong place.

About ProtoStar Ltd.

Hamilton, HM EX, Bermuda-based ProtoStar Ltd. is a satelliteoperator formed in 2005 to acquire, modify, launch and operatehigh-power geostationary communication satellites for direct-to-home satellite television and broadband internet access across theAsia-Pacific region.

The Company and its affiliates filed for Chapter 11 on July 29,2009 (Bankr. D. Del. Lead Case No. 09-12659). The Debtor selectedPachulski Stang Ziehl & Jones LLP as Delaware counsel; Law Firm ofAppleby as their Bermuda counsel; UBS Securities LLC as financialadvisor & investment banker and Kurtzman Carson Consultants LLC asclaims and noticing agent. The Debtors have tapped UBS SecuritiesLLC as investment banker and financial advisor.

Also on July 29, 2009, ProtoStar and its affiliates, includingProtoStar Development Ltd., commenced a coordinated proceeding inthe Supreme Court of Bermuda. John C. McKenna of Finance & RiskServices Ltd. as liquidator of the Bermuda Group.

In their Chapter 11 petitions, the Debtors each estimated assetsand debts of $100 million and US$500 million. As of December 31,2008, ProtoStar's consolidated financial statements, which includenon-debtor affiliates, showed total assets of US$463,000,000against debts of US$528,000,000.

===========B R A Z I L===========

PARANA BANCO: S&P Raises Counterparty Credit Ratings to 'BB-/B'---------------------------------------------------------------Standard & Poor's Ratings Services that it raised its ratings onParana Banco S.A., including raising the counterparty creditratings to 'BB-/B' from 'B+/B' on the global scale and to 'brA-'from 'brBBB+' on the Brazilian national scale. The outlook isstable.

"The upgrade primarily reflects Parana Banco's solid operatingperformance over the past two years, during an economicdowncycle," said Standard & Poor's credit analyst Ricardo Brito.

S&P takes into account the earnings stability afforded by thebank's payroll-lending business and the insurance business managedby fully owned subsidiary J. Malucelli Seguradora S.A. (nationalscale: brA-/Stable/--). Very high capital and adequate liquiditymanagement, which S&P trust offer significant protection duringperiods of stress, also support the ratings.

The severe competition the bank faces somewhat offset thesepositives. The larger banks in Brazil are currently targetingpayroll lending, and this could lead to portfolio growthchallenges for Parana Banco.

The stable outlook reflects S&P's expectation that the bank willbe able to maintain its core competencies in the medium term withan adequate financial profile. However, the bank's businessprofile limits ratings upside.

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BALVENIE LIMITED: Members' Final Meeting Set for September 22-------------------------------------------------------------The members of Balvenie Limited will hold their final meeting, onSeptember 22, 2010, at 9:00 a.m., to receive the liquidator'sreport on the company's wind-up proceedings and property disposal.

COGO WOLF: Shareholders' Final Meeting Set for September 16-----------------------------------------------------------The shareholders of Cogo Wolf Trimaran Liquidity Fund, Ltd willhold their final meeting, on September 16, 2010, at 4:00 p.m., toreceive the liquidator's report on the company's wind-upproceedings and property disposal.

FIRST HOSPITAL: Shareholder Receives Wind-Up Report---------------------------------------------------The shareholder of The First Hospital Insurance Company, Ltd.received, on August 3, 2010, the liquidator's report on thecompany's wind-up proceedings and property disposal.

FOUNDATION RE: Shareholders' Final Meeting Set for September 16---------------------------------------------------------------The shareholders of Foundation Re Ltd. will hold their finalmeeting, on September 16, 2010, at 9:00 a.m., to receive theliquidators' report on the company's wind-up proceedings andproperty disposal.

JAVELIN RE: Shareholder to Hear Wind-Up Report on September 16--------------------------------------------------------------The shareholder of Javelin Re Ltd. will receive, on September 16,2010, at 9:00 a.m., the liquidators' report on the company's wind-up proceedings and property disposal.

MODULUS EUROPE: Shareholders' Final Meeting Set for September 7---------------------------------------------------------------The shareholders of Modulus Europe (Master) Limited will holdtheir final meeting, on September 7, 2010, at 10:00 a.m., toreceive the liquidator's report on the company's wind-upproceedings and property disposal.

MODULUS EUROPE: Shareholders' Final Meeting Set for September 7---------------------------------------------------------------The shareholders of Modulus Europe Limited will hold their finalmeeting, on September 7, 2010, at 10:30 a.m., to receive theliquidator's report on the company's wind-up proceedings andproperty disposal.

PERITUS OFFSHORE: Shareholders' Final Meeting Set for September 16------------------------------------------------------------------The shareholders of The Peritus Offshore Fund Ltd. will hold theirfinal meeting, on September 16, 2010, at 10:00 a.m., to receivethe liquidators' report on the company's wind-up proceedings andproperty disposal.

RESIDENTIAL REINSURANCE: Member to Hear Wind-Up Report on Sept. 16------------------------------------------------------------------The shareholder of Residential Reinsurance 2006 Limited willreceive, on September 16, 2010, at 9:00 a.m., the liquidators'report on the company's wind-up proceedings and property disposal.

RESIDENTIAL REINSURANCE: Member to Hear Wind-Up Report on Sept. 16------------------------------------------------------------------The shareholder of Residential Reinsurance 2007 Limited willreceive, on September 16, 2010, at 9:00 a.m., the liquidators'report on the company's wind-up proceedings and property disposal.

SOUTH COAST: Members' Final Meeting Set for September 27--------------------------------------------------------The members of South Coast Funding IX Ltd will hold their finalmeeting, on September 27, 2010, at 10:05 a.m., to receive theliquidator's report on the company's wind-up proceedings andproperty disposal.

SUMITOMO FINANCE: Members' Final Meeting Set for September 27-------------------------------------------------------------The members of Sumitomo Finance (Asia) Limited will hold theirfinal meeting, on September 27, 2010, at 10:00 a.m., to receivethe liquidator's report on the company's wind-up proceedings andproperty disposal.

ZURICH PREMIER: Members' Final Meeting Set for September 27-----------------------------------------------------------The members of Zurich Premier Series Ltd. will hold their finalmeeting, on September 27, 2010, at 10:30 a.m., to receive theliquidator's report on the company's wind-up proceedings andproperty disposal.

After three capital increases for a total of US$773 million sincemid-2009, shareholders committed to a new capital increase ofUS$400 million. CSAV will likely implement this increase duringfirst-quarter 2011. In addition, CSAV's operating performancecontinues to improve due to increasing tariff levels,significantly better trade flows in its core routes, and reducedchartering costs.

The positive outlook reflects S&P's expectation that CSAV's creditquality will continue to improve as a result of better marketconditions, with support from its more efficient cost base. S&Palso consider the company's efforts to obtain a larger share ofowned vessels as beneficial, as a larger share would increasestability and enhance profit margins.

"S&P could raise the ratings if CSAV can maintain minimum cashlevels of US$250 million (minimum levels under current covenantpackage are US$100 million) and adjusted funds from operations tototal debt ratios higher than 20%," said Standard & Poor's creditanalyst Diego Ocampo. "On the other hand, S&P could revise theoutlook to stable if CSAV attains adjusted debt to EBITDA ratioshigher than 5x in the upcoming quarters, and if a milder industryoutlook develops," he continued.

==================C O S T A R I C A==================

INSTITUTO NACIONAL: Fitch Affirms 'BB+' Insurer Strength Rating---------------------------------------------------------------Fitch Ratings has affirmed the international local currencyInsurer financial Strength ratings of Instituto Nacional deSeguros at 'BB+'. The Rating Outlook is Stable. Fitch has alsoaffirmed INS' National IFS rating at 'AAA(cri)' with a StableOutlook.

INS' ratings reflect the company's very strong capital andprofitability levels, dominant market position, adequatereinsurance protection and risk exposure, high liquidity ratios,and the explicit support the company receives from the governmentof Costa Rica (local currency Issuer Default Rating 'BB+').Despite these strengths, INS' need to enhance its operatingplatform and diversify its investment portfolio are some of themain challenges that the company should address in order topreserve its adequate financial results and dominant position in amarket recently open to competition.

The Rating Outlook is Stable. INS' rating is highly tied to therating of its shareholder, the Costa Rican government. Changes inthe rating of the latter could result in changes to INS' ratings.

INS is the largest insurance company in Central America and one ofthe largest insurance companies in Latin America. Benefited byits monopolistic nature until mid 2008, INS has been able to poststrong profits sustained by the sizable returns of its ampleinvestment portfolio and improving combined ratio; with an averageReturn of Average Assets ratio above 7% in the last five years.Despite the inception of new insurance players in Costa Rica inthe recent past, INS' market dominance and strong franchiseremains unchanged, a trend that should persist in the short andmedium term. Despite the former, significant improvements interms of its underwriting skills and claim cost controls have beenachieved, providing the company with better tools to cope withexpected competition although finer tuning is required andexpected.

Capital ratios remain strong, not only thanks to its ample pre-existing capital base and good profitability, but also given itscurrent 100% retained earnings policy, expected to last at leastuntil year 2012. As such, the liabilities to equity ratio hassteadily decreased since 2002 (2009: 1.7 times [x]; 2002: 3.6x);while technical reserves represent around 77% of its liabilitiesand cover more than 175% of its net premiums. INS capital is notencumbered.

In part given the limitations of the local capital market and alsodue to the state owned nature of the company, its investmentportfolio is highly concentrated on government counterparties(central government, central bank and publicly owned banks withsovereign guarantee); a trend that may persist in the future.Those investments represented 1.1x company's equity as of December2009; a level viewed as high by Fitch, given the current 'BB+'Sovereign rating. Despite the concentration of the investmentportfolio, liabilities are adequately match in terms of maturitiesand yield, and mostly considering the short-term nature of theboth sides of the balance sheet, due the minor participation oflife insurance commitments and other long-term risks.

INS was founded in 1924. According to the Insurance Law of 2008,the company's insurance operations in Costa Rica are guaranteed bythe full faith of the government but not its financial debt orinsurance operations held abroad.

Banreservas' Issuer Default Ratings reflect the support providedby its shareholder, the Dominican government. In addition, thebank's Individual Rating is supported by its ample market share,the stability of its deposit base, and adequate liquidity.However, decreasing profitability levels, a tight capital base anddeteriorating asset quality metrics limit the bank's individualrating. Also, Bareservas' above average exposure of its balancesheet to the government (proper of most state-owned banks) is alsoconsidered.

Changes in the IDRs will be contingent upon changes in thesovereign's creditworthiness. Further deterioration of its assetquality ratios and/or capital levels will trigger a downgrade ofits Individual Rating.

Increasing funding costs and a stagnated yield on its loanportfolio resulted in a decrease of Banreservas' net interestmargin, while higher operating costs and the pressure of largerloan loss reserves, resulted in a significant contraction of thebank's operating profit to just 1.1%, well below its historicaverage and banks of similar size in the region; while its returnon average assets ratio was benefited by an increase on nonrecurring income to 1.4%; still below the market average. Weakasset quality on its private sector portfolio, a heavy structureof operating costs and its narrower margin will keep pressuringthe bank's operating profits in the short term.

The stagnation of the private sector portfolio and the rampingpast due loans on such portfolio increased the past due loan ratiofor private sector loans to 11.4% as of December 2009 (FY08:7.4%); while loan loss coverage was just 92%; metrics that compareunfavorably with the peer average. Public sector exposure (loansand securities) increased to 7.7 times as of December 2009, alevel considered high due the relatively low sovereign rating ofthe Dominican Republic (IDR of 'B').

Banreserva's capital ratios remain challenged. As such, theequity to assets ratio came down to 7.3% as of May 2010 (FY06:9%), while the Fitch eligible capital to risk weighted assetsstood at 17.6% (10.3% if government loans are weighted at 100%), alevel considered tight given the current level of profitabilityand tight loan loss coverage; while fixed assets represent 46% oftotal equity.

As of May 2010, Banreservas ranked first out of 13 commercial andmultiple service banks, with 26% of total system assets. The bankis the main government paying agent and also has an importantparticipation in the consumer and corporate markets.

According to the report, officials said the total cost includesthe roughly US$51.8 million the media company owes to thegovernment, which temporarily seized and ran the newspaper after asevere banking crisis in 2003.

The report notes that the investors, including Juan BautistaVicini Lluberes of the Dominican sugar giant Vicini and mediamogul Jose Luis "Pepin" Corripio, met with President LeonelFernandez on Monday to vow that the debt will be paid.

The report notes that Listin Diario was owned by the prominentPellerano family from its founding in 1889 until 2000, when it wasbought by Ramon Baez Figueroa, head of Banco Intercontinental.The report relates that the government took over the newspapertemporarily after the bank collapsed in May 2003 after losing someUS$2.2 billion through embezzlement, fraud and bad deals.

Listin Diario is one of the leading newspapers in the DominicanRepublic, and the oldest still being published.

=============J A M A I C A=============

* JAMAICA: At Risk of US$100MM Annual Loss From Hurricanes----------------------------------------------------------An Inter-American Development Bank Report revealed that thecountry is at risk of average annual losses of US$105 million dueto hurricanes and US$30 million from earthquakes, Caribbean PressReleases reports. The report relates that the study estimates thecurrent exposure value of physical assets to earthquakes andhurricanes at approximately US$19 billion.

According to the report, the study said that these assets mostlyinclude transportation and communication infrastructure such asroads, bridges; residential commercial and industrial buildingsand plants; and public utilities among others. The report saysthat the study further outlined that four parishes with thehighest population density are more at risk -- St. Andrew, St.Catherine, Kingston and Clarendon respectively -- from hurricanehazards.

* * *

According to the TCR-LA on January 18, 2010, Fitch Ratingsdowngraded Jamaica's long-term local currency rating to 'C' from'CCC'. In addition, Fitch has affirmed Jamaica's long-term andshort-term foreign currency ratings at 'CCC' and 'C' respectively,and affirmed the Country Ceiling at 'B-'. Jamaica's sovereignratings Outlook remains Negative

===========M E X I C O===========

METROFINANCIERA SA: Seeks Bankruptcy Protection in U.S.-------------------------------------------------------Metrofinanciera SA de CV sought bankruptcy protection in the U.S.so it can wrap up its reorganization, Dawn McCarty and DavidMcLaughlin at Bloomberg News report. The report relates that in aChapter 15 petition filed Monday in Corpus Christi, Texas, thecompany said it has negotiated a debt restructuring deal withcreditors and filed for bankruptcy in the U.S. to complete theplan.

According to the report, without court protection in the U.S., thecompany said it faces "a substantial risk" that holders of US$100million in notes issued in 2006 could sue the company in New York.Chapter 15 protects foreign companies from U.S. lawsuits andcreditor claims while a company reorganizes abroad. "Such actionswill seriously disturb Metrofinanciera's near-completereorganization and force Metrofinanciera to litigate such actionsat great cost," the company said in court papers, the reportrelates.

Bloomberg News notes that Metrofinanciera filed for bankruptcy inMexico last year after negotiating a restructuring with creditors.It was the first prepackaged bankruptcy in Mexican history.

The report notes that the plan was approved by a Mexican court inJune. Metrofinanciera listed both debt and assets of betweenUS$500 million and US$1 billion in its U.S. bankruptcy petition,the report says.

Metrofinanciera, Bloomberg News notes, needs approval of theChapter 15 petition in order to make its bankruptcy plan effectivein the U.S. and make distributions to the noteholders under theplan . The company's only U.S. creditors are holders of the notes,according to court documents, the report relates.

The U.S. case is In re Metrofinanciera SA, 10-20666, U.S.Bankruptcy Court, Southern District of Texas (Corpus Christi).

About Metrofinanciera SA

Headquartered in Monterrey, Mexico, Metrofinanciera, S. A. deC.V., Sociedad Financiera de Objeto Multiple, Entidad no Regulada-- http://www.metrofinanciera.com.mx/-- specializes in real estate credit and housing development in Mexico. Founded in 1996in Monterrey, it offers financial services and consulting for allphases of real estate projects: housing construction, advancesales, public works and commercialization. The company alsooffers products in life, damage and unemployment insurance.

VITRO SAB: Bond Rally Shows Creditors See Sweetened Offer---------------------------------------------------------Thomas Black at Bloomberg News reports that Vitro, S.A.B. deC.V.'s defaulted bonds have climbed to a 23-month high onspeculation that the company will sweeten an offer to restructureUS$1.2 billion in debt that was rejected by creditors last month.

According to the report, Vitro SAB's 9.125% bonds maturing in 2017have more than doubled in price to 50 cents on August 30, 2010, onthe dollar from a low of 21.25 cents on March 11, 2009. Thereport relates that they reached 51 cents on Aug. 2, the highestsince Oct. 3, 2008.

As reported in the Troubled Company Reporter-Latin America onAugust 25, 2010, The Financial Online said that Vitro SABpostponed the launch of an application consent, previouslydisclosed to be launched in early August, in relation to its bondswith a rate of 8.625% interest due 2012, 11.75% in 2013 and 9.125%in 2017. According to the report, the company postponed thelaunch of the application for consent until September 2010 becauseit is in discussions with relevant creditors in both ends with therevision of the terms and conditions of the same application. Thereport related Vitro SAB said that it remains committed to delivera package, which includes cash and new tools, representing asignificant increase in the recovery of the creditors of the levelof historical price of the bonds.

Meanwhile, the report notes, Vitro's creditors said that theyhired a Mexican law firm after saying two weeks earlier they may"be forced to exercise remedies against Vitro."

"Pushing the company into bankruptcy is still an option that isbeing considered, and that's why they went out and hired theselitigators," the report quoted Alexander Monroy, a debt analystwith Barclays Capital Inc., as saying.

About Vitro SAB

Headquartered in Monterrey, Mexico, Vitro, S.A.B. de C.V. (BMV:VITROA; NYSE: VTO), through its two subsidiaries, Vitro EnvasesNorteamerica, SA de C.V. and Vimexico, S.A. de C.V., is a globalglass producer, serving the construction and automotive glassmarkets and glass containers needs of the food, beverage, wine,liquor, cosmetics and pharmaceutical industries.

* * *

In June 2010, Fitch Ratings withdrew all ratings of Vitro, S.A.B.de C.V., given the lack of information following the company'sdefault on Feb. 2, 2009, and consistent with Fitch's policies.Fitch will no longer provide ratings or credit research on theCompany. Andres R. Martinez at Bloomberg News said in June thatVitro was suspended from trading in Mexico City after failing tofile its fourth-quarter earnings report. The company missed theJune 2 deadline for the results, Mexico's stock exchange said inan e-mailed statement obtained by the news agency. Vitro plans tofile the report once its debt restructuring is complete or ifordered by a judge. Vitro said that the suspension won't affectcompany operations.

On June 30, 2009, Galaz, Yamazaki, Ruiz Urquiza, S.C., member ofDeloitte Touche Tohmatsu and C.P.C. Jorge Alberto Villarreal inMonterrey, N.L., Mexico raised substantial doubt about theCompany's ability to continue as a going concern after auditingfinancial results for the period ended Dec. 31, 2007, and 2008.The auditors pointed out to the Company's net loss and its non-compliance with covenants related to its long-term debtobligations.

VITRO SAB: Concludes Sale of REIT Assets for US$63 Million----------------------------------------------------------Vitro S.A.B. de C.V. said that the Bancomext Trust, signed onNovember 3, 2008, has concluded the sale of non-productive realestate assets for US$63.8 million.

The proceeds of such sale, plus US$5.5 million of the Company'savailable cash, were applied to liquidate the Trust. As of August4, 2010, the Trust had an outstanding balance of US$69.3 million,including accrued interest.

The sale included unused ancillary property surrounding thecorporate headquarters. As a result of such sale, the Company hasregained title of its two corporate headquarters office buildings,and their respective land, which were part of the original assetscontributed to the Trust.

About Vitro SAB

Headquartered in Monterrey, Mexico, Vitro, S.A.B. de C.V. (BMV:VITROA; NYSE: VTO), through its two subsidiaries, Vitro EnvasesNorteamerica, SA de C.V. and Vimexico, S.A. de C.V., is a globalglass producer, serving the construction and automotive glassmarkets and glass containers needs of the food, beverage, wine,liquor, cosmetics and pharmaceutical industries.

* * *

In June 2010, Fitch Ratings withdrew all ratings of Vitro, S.A.B.de C.V., given the lack of information following the company'sdefault on Feb. 2, 2009, and consistent with Fitch's policies.Fitch will no longer provide ratings or credit research on theCompany. Andres R. Martinez at Bloomberg News said in June thatVitro was suspended from trading in Mexico City after failing tofile its fourth-quarter earnings report. The company missed theJune 2 deadline for the results, Mexico's stock exchange said inan e-mailed statement obtained by the news agency. Vitro plans tofile the report once its debt restructuring is complete or ifordered by a judge. Vitro said that the suspension won't affectcompany operations.

On June 30, 2009, Galaz, Yamazaki, Ruiz Urquiza, S.C., member ofDeloitte Touche Tohmatsu and C.P.C. Jorge Alberto Villarreal inMonterrey, N.L., Mexico raised substantial doubt about theCompany's ability to continue as a going concern after auditingfinancial results for the period ended Dec. 31, 2007, and 2008.The auditors pointed out to the Company's net loss and its non-compliance with covenants related to its long-term debtobligations.

====================P U E R T O R I C O====================

VASSALLO INDUSTRIES: Scales Back Under New Corporation------------------------------------------------------Vassallo Industries President Rafael Vassallo Collazo said thatthe company will scale back operations through a newly createdcorporation, Vassallo International Group, under its Chapter 11bankruptcy reorganization plan, caribbeanbusinesspr.com reports.The report relates Mr. Collazo said that the new corporation wouldutilize roughly half of the space that the company has operated infor the past decades in the Cotto Laurel sector of Ponce.

According to the report, Mr. Collazo said that the new corporationwould continue to export plastic products and would startoperations on November 1 after securing financing from BancoPopular and the island government's Economic Development Bank.

The report notes that the company's old administrative offices arebeing remodeled and will be leased to National College &University. The report relates Mr. Collazo said that scaling backthe footprint will result in lower costs for power, insurance andmaintenance among, other expenses.

Mr. Collazo said that the company would do everything possible tokeep its current staff of 145 at the Ponce plant, the report adds.

Headquartered in Puerto Rico, Vassallo Industries Inc. is aprivate company that pioneers in the manufacture and distributionof plastic pipe and its accessories for sanitary and electricalapplications. The company has diversified into resin furnitureand accessories for household uses, honoring the excellence thathas distinguished them since the beginning.

***********

Monday's edition of the TCR-LA delivers a list of indicativeprices for bond issues that reportedly trade well below par.Prices are obtained by TCR-LA editors from a variety of outsidesources during the prior week we think are reliable. Thosesources may not, however, be complete or accurate. The MondayBond Pricing table is compiled on the Friday prior topublication. Prices reported are not intended to reflect actualtrades. Prices for actual trades are probably different. Ourobjective is to share information, not make markets in publiclytraded securities. Nothing in the TCR-LA constitutes an offeror solicitation to buy or sell any security of any kind. It islikely that some entity affiliated with a TCR-LA editor holdssome position in the issuers' public debt and equity securitiesabout which we report.

Tuesday's edition of the TCR-LA features a list of companieswith insolvent balance sheets obtained by our editors based onthe latest balance sheets publicly available a day prior topublication. At first glance, this list may look like thedefinitive compilation of stocks that are ideal to sell short.Don't be fooled. Assets, for example, reported at historicalcost net of depreciation may understate the true value of afirm's assets. A company may establish reserves on its balancesheet for liabilities that may never materialize. The prices atwhich equity securities trade in public market are determined bymore than a balance sheet solvency test.

A list of Meetings, Conferences and Seminars appears in eachThursday's edition of the TCR-LA. Submissions about insolvency-related conferences are encouraged. Send announcements toconferences@bankrupt.com

This material is copyrighted and any commercial use, resale orpublication in any form (including e-mail forwarding, electronicre-mailing and photocopying) is strictly prohibited without priorwritten permission of the publishers.

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The TCR Latin America subscription rate is US$625 per half-year,delivered via e-mail. Additional e-mail subscriptions for membersof the same firm for the term of the initial subscription orbalance thereof are US$25 each. For subscription information,contact Christopher Beard at 240/629-3300.